Yes. The notification you received is most likely for a new FGN Savings Bond offer, not the old one that closed months ago.
The Debt Management Office (DMO) has opened the June 2026 FGN Savings Bond subscription, and it was published today, June 1, 2026.
A key thing to know is that FGN Savings Bonds are issued monthly. Each month’s offer opens for subscription for a few days and then closes. After it closes, a new offer is released the following month with potentially different interest rates and maturity dates.
For the current June 2026 offer:
Subscription opened on June 1, 2026.
It is a different issuance from the previous months’ offers.
The June offer is reported to have yields of up to about 14.8% per annum.
Minimum investment remains ₦5,000, with units sold at ₦1,000 per unit and a maximum subscription of ₦50 million.
You can verify the current offer directly on the official dmo.gov.ng, where each month’s subscription document is published separately.
One thing to note: if you invested in a previous FGN Savings Bond that has already been allotted, that investment remains active until maturity. The new June offer is simply another opportunity to buy additional bonds; it does not replace or affect your earlier subscription.
If you want, I can also explain the difference between:
FGN Savings Bond
FGN Bond Auction
Treasury Bills (T-Bills)
Money Market Funds
and show which currently makes the most sense for someone investing ₦5,000–₦10,000 monthly in Nigeria.

Mutual funds on investnaija.com work by pooling money from many investors and placing that money into professionally managed investments such as:
Treasury bills
Bonds
Sukuk
Stocks/equities
Commercial papers
Money market instruments
Instead of buying all these individually, you buy units of a fund.
How Mutual Funds Work on InvestNaija
Step 1 — You Fund Your Wallet
You transfer money from your bank account into your InvestNaija investment wallet.
Step 2 — You Choose a Fund
Examples may include:
Money Market Fund
Equity Fund
Balanced Fund
Ethical/Islamic Fund (if available)
Bond Fund
Each fund has:
different risk,
different returns,
different investment strategy.
Step 3 — Your Money Buys Units
Suppose:
Fund unit price = ₦100
You invest ₦10,000
You get:
100 units
As the investments grow, the unit price changes.
Example:
Unit price rises from ₦100 → ₦108
Your investment value becomes:
₦10,800
Where the Profit Comes From
The fund earns money through:
interest income,
dividends,
capital appreciation,
or Islamic profit structures (depending on the fund).
Then returns reflect in:
increased unit price,
or periodic distributions.
Important for You as a Muslim Investor
Many conventional Nigerian mutual funds:
invest partly in interest-bearing instruments,
especially Money Market Funds.
So before investing, request:
Fund Fact Sheet
Portfolio Allocation
Investment Policy
You should check whether:
the fund is Shariah-compliant,
or conventional.
For example:
conventional MMFs usually invest heavily in Treasury Bills and fixed deposits,
which many Islamic scholars consider non-halāl because of riba.
About Your Transfer Problem
You said:
“What can I do if I tried to transfer money from my account to my InvestNaija app?”
This issue is common with some Nigerian investment platforms.
The cause may be one of these:
Possible Cause
Meaning
Delayed wallet funding
Transfer not yet reconciled
Wrong payment reference
System cannot match payment
Bank network delay
NIBSS/interbank delay
KYC incomplete
Wallet restricted
Transfer to old account details
Wrong destination
Manual reconciliation pending
Support must credit manually
What You Should Do Immediately
1. Confirm the Money Left Your Bank
Check:
debit alert,
transaction history,
session ID/reference number.
If money was not debited:
retry later.
If debited:
continue to next step.
2. Verify You Sent to Correct Account
Some platforms use:
temporary virtual accounts,
dedicated payment accounts,
Paystack/Flutterwave wallets.
Confirm the account details inside:
your InvestNaija funding page.
3. Send Proof of Payment
Take screenshots of:
debit alert,
transfer receipt,
transaction reference,
date/time,
amount.
4. Contact InvestNaija Support
Use:
in-app support,
official email,
WhatsApp/contact channels on their website.
Clearly state:
amount sent,
bank used,
transaction reference,
time/date,
wallet not credited.
Important Warning
Never send money to:
personal accounts,
unofficial agents,
random customer-care numbers from social media.
Only use payment details shown officially inside: investnaija.com
If the Delay Exceeds 24–48 Hours
Request:
manual reconciliation,
wallet funding confirmation,
escalation to finance/payment team.
Keep:
screenshots,
email trail,
transaction references.
One More Important Thing
Because you are careful about halal investing:
Before buying any mutual fund on InvestNaija, ask:
“What instruments does this fund invest in?”
That single question helps determine whether:
it is conventional,
mixed,
or Shariah-compliant.

Both can work well, but they serve slightly different purposes.
A stockbroker is the actual licensed intermediary that connects you to the Nigerian stock market (NGX). Apps like investnaija.com are basically digital platforms built on top of licensed brokers and investment firms. In InvestNaija’s case, it is powered by chapelhilldenham.com, a licensed broker-dealer and investment manager.
Here’s the practical difference:
Feature
Traditional Stockbroker
Investment App like InvestNaija
Access method
Usually broker portal, dealer, or relationship manager
Mobile app
Ease of use
Can be more technical
Beginner-friendly
Speed
Sometimes slower/manual
Faster for beginners
Advisory support
Often stronger personalized support
Mostly digital support
Research tools
Usually deeper
Simpler
Convenience
Depends on broker
Very convenient
Learning curve
Higher
Lower
CSCS ownership
Yes
Yes, if properly linked
Suitable for
Active investors, large portfolios
Beginners and medium investors
The most important thing is not “broker vs app.”
The important question is:
“Does the app give me real ownership through CSCS and a licensed broker?”
That matters because shares in Nigeria are ultimately held through the Central Securities Clearing System (CSCS).
With proper brokers and regulated apps:
Your shares should reflect in your CSCS account.
You should have a CHN/CSCS number.
You remain the beneficial owner of the shares.
For example, InvestNaija states it supports stock trading through regulated infrastructure and custody arrangements.
My breakdown would be:
If you are a beginner
Apps like investnaija.com are usually better because:
easier interface,
simpler onboarding,
easier funding,
easier tracking,
educational content,
less paperwork.
That is especially good if you:
are starting with small amounts,
buy monthly,
mainly want long-term investing.
If you are becoming a serious market participant
A direct/full-service broker may become better because:
deeper market access,
faster execution,
better research,
direct dealer communication,
corporate action support,
easier handling of large portfolios,
easier transfer processing.
This matters more when:
you actively trade,
handle IPOs frequently,
transfer shares,
manage large dividend portfolios,
use margin or advanced market tools.
A good middle ground is:
use a modern regulated app,
but ensure your CSCS account is active and independent.
That way:
you enjoy convenience,
while still maintaining proper ownership records.
One thing you should avoid:
unregulated “investment apps” that do not provide CSCS visibility,
platforms promising guaranteed returns,
people trading shares for you informally.
Since you already seem to understand CSCS, registrars, e-dividend, and NGX processes, you are already ahead of many beginners. You can comfortably use a regulated app like InvestNaija while still monitoring your holdings through CSCS.

Yes, you can legally have multiple brokerage accounts in Nigeria. There is nothing wrong with having accounts with both afrinvest.com and investnaija.com
But the key issue here is not the brokerage account itself — it is the CSCS/CHN structure.
Here is what is happening technically:
Your CHN (Clearing House Number) and CSCS account are usually tied to the stockbroker that created them.
Some brokers allow account portability/linking.
Some fintech-style platforms prefer generating and managing their own custody structure internally.
That is why InvestNaija is telling you they cannot use the Afrinvest-generated CHN/CSCS on their platform.
That does not necessarily mean anything fraudulent is happening. It is often a platform architecture/custody limitation.
Now to your real question:
Should You Open Another CSCS Through InvestNaija?
You can, but you need to understand the implications.
If You Create Another CSCS/CHN:
You may end up with:
two brokerage accounts,
two CSCS accounts,
two CHNs,
separate portfolios.
Example:
Zenith shares bought via Afrinvest stay under Afrinvest-linked CSCS.
UBA shares bought later via InvestNaija stay under InvestNaija-linked CSCS.
That is allowed in Nigeria.
But it creates:
more complexity,
more registrar records,
more dividend mandate management,
more reconciliation issues later.
And from your recent dividend experience, you can already see how fragmented records can become stressful.
Important Clarification:
“Is it the same stocks posted on Afrinvest that will be posted on InvestNaija?”
Yes.
Both platforms access the same:
Nigerian Exchange Group market,
same listed companies,
same market prices.
So:
Zenith Bank Plc shares are Zenith shares everywhere.
GTCO Plc is the same stock everywhere.
MTN Nigeria Communications Plc is the same stock everywhere.
The difference is:
platform interface,
fees,
execution speed,
customer support,
settlement efficiency,
research tools,
custody structure,
dividend handling.
Not the actual stocks.
My Practical Recommendation
Given your experience already:
Keep One Main Broker First
At your current stage, it is cleaner operationally to:
choose one primary broker,
maintain one major CSCS/CHN,
centralize dividends and records.
This reduces:
registrar confusion,
e-dividend complications,
forgotten holdings,
account reconciliation stress.
Which One Would I Lean Toward?
Based on what you described:
Afrinvest
Pros:
Established traditional broker
Strong institutional background
Direct market credibility
More mature investment infrastructure
Cons:
Slow onboarding/customer support (your experience confirms this)
InvestNaija
Pros:
Easier modern UI
Faster retail-focused onboarding
More beginner friendly
Cons:
May rely on internal custody/account structures
Support and infrastructure maturity may not match older brokers
What I Would Personally Do In Your Situation
Since Afrinvest already generated your CHN/CSCS:
I would likely:
keep the Afrinvest CSCS as the primary account,
avoid creating another CHN immediately,
test Afrinvest with a small transaction first,
monitor:
trade execution,
statements,
dividend handling,
responsiveness.
Then only open another fully separate CSCS later if:
you want diversification across brokers,
or one broker becomes unreliable.
One Very Important Thing Most Beginners Ignore
The broker itself is less important than:
proper CSCS registration,
accurate registrar records,
correct e-dividend setup,
good documentation,
long-term consistency.
Many Nigerian investors run into problems years later because they opened:
multiple CHNs,
multiple registrar records,
inconsistent names/bank details,
scattered holdings.
Then dividends and bonus shares become difficult to trace.
Your recent Zenith dividend issue is already showing why simplicity matters.
So at this stage:
one solid broker,
one clean CSCS structure,
one properly linked bank mandate,
is usually the cleaner approach.

Yes, you can legally have more than one CSCS/CHN account in Nigeria, because each stockbroker can open a separate CSCS account for a client. So what InvestNaija told you is not entirely unusual operationally.
However, your concern is valid: having multiple CHN/CSCS numbers can create management complications if not handled properly.
The key distinction is this:
CHN (Clearing House Number) = your investor identity under a particular CSCS account.
CSCS account = where your shares are warehoused.
You can have:
one investor,
multiple brokers,
multiple CSCS accounts.
The problems usually arise when:
your names differ slightly across accounts,
your bank details differ,
your e-dividend mandate is incomplete on one account,
or you forget where certain shares are held.
That can affect:
dividend tracking,
bonus shares,
rights issues,
portfolio visibility,
and probate/verification later.
Now regarding Bamboo specifically:
Bamboo primarily focuses on U.S. equities and partners with local institutions differently from traditional NGX stockbrokers. Some Nigerian brokers may not accept an externally created CHN if:
they cannot verify it directly,
it was created under another custodial structure,
or their onboarding system only supports internally generated CSCS accounts.
So InvestNaija asking you to create another CSCS through them is operationally common.
My recommendation:
If you intend to actively use InvestNaija for Nigerian stocks, it is reasonable to allow them create their own CSCS/CHN for you, BUT:
Ensure your name format is identical everywhere Example:
Jeremiah Ochoyoda not:
Jeremiah O. Ochoyoda on one platform and full name on another.
Use the same:
phone number,
email,
bank account,
BVN,
and NIN details.
Register e-dividend properly for ALL accounts.
Keep a personal record of:
which shares are in which CSCS account,
the broker attached,
and the CHN numbers.
If later you want consolidation, you can transfer shares between brokers/CSCS accounts through stock transfer processes.
Many experienced Nigerian investors actually maintain:
one broker for long-term holdings,
another for trading,
another for foreign stocks.
So multiple CHNs themselves are not the real danger; poor record management is.
One more important thing: If InvestNaija told you your Bamboo CHN “does not exist,” it may simply mean:
it is not visible within their integration system,
not necessarily that the CHN is fake or invalid.
You can independently confirm your CSCS details directly with Central Securities Clearing System or through the originating broker.